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Paramount Global Class B (PARA) has shared an announcement.
Paramount Global and Skydance Media have announced a definitive merger agreement set to reshape the entertainment landscape. The deal will see Skydance first acquire National Amusements, Inc., which holds a controlling interest in Paramount, followed by a subsequent merger of the two companies. This strategic move, orchestrated with the oversight of Paramount’s Special Committee of the Board of Directors, aims to create a major new force in the industry.
See more data about PARA stock on TipRanks’ Stock Analysis page.